Blogs

Many people considering bankruptcy relief are aware or soon learn that student loan debt is non-dischargeable in bankruptcy.  This is true for both federally guaranteed student loan and student loans issued by private lenders and has been true for many years.  Student loan debt has exceeded credit card debt in this country for several years now.  Currently it sits at approximately

We have a high school senior this year and with graduation festivities around the corner, our focus has been how will be pay for college for our daughter the next four years!  Whether your student has applied for scholarship opportunities or not, you need to be aware that there are school-based financial priority deadlines for Alabama’s four-year colleges.

In previous blog entries, I have detailed the Department of Justice's (DOJ's) corruption case against Kentucky attorney Eric Conn, Huntington West Virginia Office of Adjudication and Review's (ODAR's) Administrative Law Judge (ALJ) David Daugherty and Dr. Alfred Adkins for allegedly conspiring together to defraud the U.S.

I attended a meeting last week and I made the comment that I was seeing more and more consumers who have 8 years car loans.  The response was,  I have never heard of an 8 year car loan.  I began to research how often 8 year car loans are offered and the pros and cons of an 8 year vehicle loan.  The consensus seems to be that in order to finance a new vehicle for a monthly payment that lower income consumers with no

On April 25th, U. S. Bank National Association (“Bank”) was fined the sum of $15 million by the Office of Comptroller of the Currency (OCC) for violations of the federal bankruptcy laws. This fine must be paid into the United States Treasury. The Bank agreed to pay the fine but did not admit to any wrongdoing.

A 401(k) is a great tool for saving for retirement.  Most of us worry about having a enough money for retirement and 401(k) allows for reducing taxable income and it also is an exempt or protected asset from most all creditors.  In counseling individuals with financial problems, I am often asked whether a 401(k) loan is a good idea. It really just depends.

It's actually amazing to think that after going through a bankruptcy, completing the paperwork and the process, making sure that all creditors and collectors are listed, and receiving a discharge that one might still-years later-get a collection notice from a collection agency about an old debt.

A debt settlement company is a business designed to help you negotiate to pay less to your creditors than you actual currently owe.  The company will calculate your payments based upon the debts you owe and its fees for providing the service to you.  As you pay the company each month, a portion of what you pay, less its fees, will be placed into an escrow account.  Once there is enough money in the escrow account to negotiate with a creditor, they will contact the credit

For anyone who was ever held a security clearance, he or she knows the importance of full and complete disclosure on the SF 86 form, which is the application form to be able to get a clearance.